Hana Bank announced on May 28th the launch of a new savings account called 'Hana the EASY Savings' designed exclusively for foreign customers who utilize international remittance services. This new product offers preferential interest rates that increase based on the amount of overseas remittance transactions.
The ‘Hana the EASY Savings’ accounts are tailored for foreign residents in Korea who regularly send remittances abroad, such as for salary payments. A distinctive feature of this savings plan is the flexibility it offers: customers can make early withdrawals without penalty, even before the maturity date, if they return to their home country or if they choose to transfer the deposited funds overseas.
The account is available for a limited period, with a maximum of 30,000 units to be sold through the end of this year. Customers can deposit between 10,000 and 300,000 KRW monthly, with a contract period of one year. The interest rate comprises a base rate of 2.0% per annum, with additional preferential rates of up to 3.0% annually, bringing the maximum total interest rate to 5.0%.
The preferential interest rate conditions include: ▲up to 1.5% annually based on the number of overseas remittance transactions, ▲up to 0.5% based on the amount remitted, ▲0.5% for salary transfers, and ▲0.5% for credit card payment performance. Customers can sign up at their nearest Hana Bank branch or via the bank’s mobile app, Hana One Q.
To celebrate the product launch, Hana Bank will hold the ‘Guess the Savings Name Initials’ event from May 29th to the end of June. Any foreign customer who has signed up for the ‘Hana the EASY Savings’ account can participate via the dedicated overseas remittance app, Hana EZ. Prizes include a gold key (one winner), 30,000 KRW mobile gift cards for CU convenience stores (10 winners), and 10,000 KRW mobile gift cards for Paris Bâtisserie (100 winners) through a lottery draw.
A Hana Bank spokesperson stated, “We launched Hana the EASY Savings to help our foreign customers who are main clients of Hana Bank to save for their future under better conditions."
